樊帝
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I understand why Binance is strongly promoting alhga.
This thing is indeed a major innovation, and I have figured out its mechanism.
All users' funds are stored in the Binance wallet. When someone wants to buy algha coins, Binance acts as an agent to purchase them, and liquidity can be added to the pool.
The key is the second step, Binance introduced limit trading.
So when one user wants to buy and another user wants to sell, Binance no longer needs to operate on-chain; the two users can simply offset each other since the coins are in the Binance wallet.
Then Binance can also collect fees for limit trading.
It's like directly bridging dex and cex, making it convenient for users, and Binance can make money too!
Awesome!
This is a significant advancement for exchanges!
The person who thought of this mechanism is really smart!
Combined with algha's coin selection and concentrated liquidity, it's impressive.
This thing is indeed a major innovation, and I have figured out its mechanism.
All users' funds are stored in the Binance wallet. When someone wants to buy algha coins, Binance acts as an agent to purchase them, and liquidity can be added to the pool.
The key is the second step, Binance introduced limit trading.
So when one user wants to buy and another user wants to sell, Binance no longer needs to operate on-chain; the two users can simply offset each other since the coins are in the Binance wallet.
Then Binance can also collect fees for limit trading.
It's like directly bridging dex and cex, making it convenient for users, and Binance can make money too!
Awesome!
This is a significant advancement for exchanges!
The person who thought of this mechanism is really smart!
Combined with algha's coin selection and concentrated liquidity, it's impressive.
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